LifePoint Health and Kindred Healthcare announced they have entered into a definitive agreement for LifePoint to acquire Kindred Healthcare.
The transaction brings together LifePoint’s national network of community-based hospitals, providers and access points with Kindred’s experience in delivering long-term acute care, rehabilitation services and behavioral health services. LifePoint expects that the transaction between two companies offering complementary, distinct services will improve healthcare outcomes and access without increasing costs for patients.
LifePoint has forged strategic partnerships that bring together the capabilities needed to enhance the delivery of quality care and better serve LifePoint patients and communities. This has included joint ventures with academic medical centers, the development of the company’s National Quality Program, service line partnerships, as well as technology advancements and investments to improve the patient and provider experience.
Kindred Healthcare is a specialty hospital company with a reputation for delivering quality post-acute care that improves outcomes for medically complex patients. Kindred has extensive clinical and operational expertise, an innovative approach to patient care and a history of embracing partnerships to improve the health of communities, especially the most vulnerable. Over the last several years, Kindred has formed joint ventures and partnerships with hospitals across the country. The two companies plan to partner with health systems, payers and other providers to offer services in areas where they do not currently operate.